Sunday, December 16News That Matters

Policies

India to start registration of drones, pilots, and operators Registration portal for online permission, Digital Sky Launched

India to start registration of drones, pilots, and operators Registration portal for online permission, Digital Sky Launched

India, Policies, Technology
Remotely Piloted Aerial Systems (RPAS), popularly referred to as drones, are a technology platform with wide-ranging applications. In August 2018, India had announced the release of its Civil Aviation Regulations (CAR) to enable safe flying of RPAS in India. The CAR detailed the obligations of operators, remote pilots/ users and manufacturers/ OEM for safe operations of RPAS and co-operative use of airspace. It also announced Digital Sky Platform, a first of its kind that implements 'no permission, no take-off’ (NPNT) – a novel system of software-based self-enforcement to minimize deviations from the CAR. The regulations were to come in effect from December 1, allowing the industry time to ready themselves for the launch. Nano drones in India can start flying legally from today. For micro
GST Revenue collection for the month of November 2018 crosses Ninety-Seven Thousand Crore Rupees

GST Revenue collection for the month of November 2018 crosses Ninety-Seven Thousand Crore Rupees

Business & Corporate, Policies
The total gross GST revenue collected in the month of November, 2018 is Rs. 97,637 crore of which CGST is Rs. 16,812 crore, SGST is Rs. 23,070 crore, IGST is Rs. 49,726 crore (including Rs. 24,133crore collected on imports) and Cess is Rs. 8,031 crore(including Rs. 842crore collected on imports). The total number of GSTR 3B Returns filed for the month of October up to 30th November, 2018 is 69.6 lakh. The government has settled Rs. 18,262 crore to CGST and Rs. 15,704 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of November, 2018 is Rs. 35,073 crore for CGST and Rs. 38,774 crore for the SGST. Rs. 11,922crore has been released to the states as GST compensation for the months
Shri Sunil Arora takes over as new Chief Election Commissioner of India

Shri Sunil Arora takes over as new Chief Election Commissioner of India

India, Policies
Shri Sunil Arora today assumed charge as the 23rd Chief Election Commissioner (CEC) of India succeeding Shri O.P.Rawat. Shri Rawat who demitted the office on 1st December, 2018 after completing his tenure . Prior to assuming charge as Chief Election Commissioner, Shri Arora had been serving as Election Commissioner in Election Commission of India since 1st September 2017. During this time, Election Commission has conducted elections to the states of Himachal Pradesh, Gujarat, Tripura, Meghalaya, Nagaland & Karnataka successfully. Similarly, elections to five poll going states, namely, Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan & Telangana are in various stages of completion and the counting of the same is on 11th December, 2018. During his tenure as CEC, there will be
Shri Ravindra Kumar Verma assumes charge as Technical Member in the Appellate Tribunal for Electricity

Shri Ravindra Kumar Verma assumes charge as Technical Member in the Appellate Tribunal for Electricity

Business & Corporate, Policies
Shri Ravindra Kumar Verma has assumed the charge as Technical Member in the Appellate Tribunal for Electricity (APTEL), Ministry of Power on 29th November, 2018 for a period of 03 years. Hon’ble Mrs. Justice Manjula Chellur, Chairperson, APTEL administered the Oath of Office and Secrecy to Shri Ravindra Kumar Verma. Shri Ravindra Kumar Verma has served in various capacities in Central Electricity Authority for more than 37 years and has rich and varied experience of power sector in Generation, Transmission, Distribution and Grid Operation. Shri Vermahad superannuated as Chairperson, CEA and Ex-officio Secretary to the Government of India on 30.06.2018.
SC closes contempt proceedings against Manoj Tiwari

SC closes contempt proceedings against Manoj Tiwari

Policies
The Supreme Court Thursday closed contempt proceedings against BJP MP Manoj Tiwari for breaking the civic agency's seal on a premises here in September even as it slammed him for levelling frivolous allegations against the court-mandated committee, saying it shows how "low he can stoop". A bench headed by Justice Madan B Lokur said the court was "extremely pained" due to his conduct as he is an elected representative and deprecated his action of taking law into his own hands. The apex court also said that "misplaced political propaganda has no place" and "such practices should be deprecated". The apex court had on September 19 issued contempt notice against Tiwari, the Delhi BJP chief and a Member of Parliament (MP) from the north-east Delhi constituency, after taking note of a re...
Fourth Bi-monthly Monetary Policy Statement, 2018-19

Fourth Bi-monthly Monetary Policy Statement, 2018-19

Business & Corporate, Policies
In the Fourth Bi-monthly monetory policy, announced today, Monetary Policy Committee (MPC) of RBI decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent. Consequently, kept the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The decision of the MPC is consistent with the stance of calibrated tightening of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent while supporting growth. The main considerations underlying the decision are set out in the statement below. 1. keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5
The government is providing subsidy on crop residue management machinery

The government is providing subsidy on crop residue management machinery

Policies
Minister of Agriculture and Farmers’ Welfare Shri Radha Mohan Singh has said hundreds of millions of waste produced in India comes from agriculture and agricultural enterprises. According to statistics, 70% of the waste is used in industrial sector and as domestic fuel. The remaining waste can be converted into bio-components and bio fuels and can also be used in the generation of energy. While addressing National Conference on “Potential of Waste in Energy Generation and its Challenges” organized by the Ministry of Agriculture & Farmers’ Welfare and Indian Federation of Green Energy (IFGE) today he emphasized the need to eliminate pollution caused by the burning of crop residues and said that the poisonous gas generated by it affects human health and destroys soil nutrients. He inform
MCA: Transfer of all Shares by Unlisted Public Companies to be in Dematerialised Form only

MCA: Transfer of all Shares by Unlisted Public Companies to be in Dematerialised Form only

Market, Policies
MCA notifies  issue & transfer of all shares in dematerialised form only by all unlisted Public companies The Ministry of Corporate Affairs (MCA) has notified that with effect from 2nd October, 2018, issue of further shares and transfer of all shares by unlisted public companies shall be in dematerialised form only. The MCA has taken this step as a measure for further enhancing transparency, investor protection and governance in the corporate sector. The rules in this regard have been amended accordingly.   According to the MCA, the major benefits of dematerialisation of securities which will now be available to unlisted Public companies include:-   Elimination of risks associated with physical certificates such as loss, theft, mutilation, fraud etc. Improvi
The government has approved the commercial use of drones

The government has approved the commercial use of drones

Logistics, Policies
Starting December real estate developers, power producers and mining companies, among others, can use drones for mapping, surveying and photography purposes. But e-commerce companies will have to wait to deliver shipments via the aerial route, with the drones allowed to fly only along the visual line of sight, below 400 feet and with riders on weight. Manufacturers feel the rules are too restrictive as any drone intended for commercial use will weigh more than 2 kg, making it necessary for the operator to seek permission every time it’s operated.